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Indian Economy Overview

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Monthly Economic Report: October 2013

December, 2013

The overall growth of Gross Domestic Product (GDP) is placed at 4.4 per cent in the first quarter of 2013-14.

Overall growth in the Index of Industrial Production (IIP) was 2 per cent during September 2013 as compared to (-) 0.7 per cent in September 2012. During April-September 2013, IIP growth was 0.4 per cent as compared to 0.1 per cent during April-September 2012.

Eight core infrastructure industries registered a growth of 8 per cent growth in September 2013. During April-September 2013, these sectors grew by 3.2 per cent.

Foreign Currency Assets stood at US$ 254.7 billion at end-October 2013.

Broad money (M3) for 2013-14 (up to November 1, 2013) increased by 8.3 per cent as compared to 8.1 per cent during the corresponding period of the last year. The year-on-year (y-o-y) growth as on November 1, 2013 was 14.1 per cent as compared to 13.1 per cent in the previous year.

Gross tax revenue during April-September 2013 stood at Rs 458,172 crore (US$ 73.48 billion), recording a growth of 7.8 per cent over April-September 2012.

Monthly Economic Report was released by the Ministry of Finance:

Monthly Economic Report: October 2013